secwatch.observer — SEC 8-K summary
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Issuer:     RAND CAPITAL CORP (RAND)
CIK:        0000081955
Form:       8-K
Filed at:   2026-03-05T23:59:59+00:00
Accession:  0001493152-26-008935
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rand Capital Q4 investment income $1.3M (-40% YoY); full year NII per share up 35%
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- Q4 total investment income $1.3M, down 40% YoY; net investment income $0.20 per share vs $0.86.
- Full year 2025 net investment income per share $1.80, up 35% from $1.33 in 2024.
- NAV per share $17.57 at Dec 31, 2025; total liquidity >$23M with no debt outstanding.
- Portfolio fair value $48.5M (20 companies) down 32% from 2024; debt investments 79%.
- Declared $0.29 quarterly dividend payable Mar 25, 2026; total 2025 dividends $1.72 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81955/000149315226008935/0001493152-26-008935-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81955/000149315226008935/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-008935

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